Atlas Brown Inc. Sells 1,244 Shares of Emerson Electric Co. (NYSE:EMR)

Atlas Brown Inc. decreased its position in Emerson Electric Co. (NYSE:EMRFree Report) by 23.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,096 shares of the industrial products company’s stock after selling 1,244 shares during the quarter. Atlas Brown Inc.’s holdings in Emerson Electric were worth $465,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tobam boosted its stake in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Security National Bank acquired a new stake in Emerson Electric during the fourth quarter worth $29,000. Cape Investment Advisory Inc. boosted its stake in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares in the last quarter. Burkett Financial Services LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Emerson Electric during the fourth quarter valued at $35,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and lifted their price target for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Bank of America boosted their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.76.

Check Out Our Latest Report on EMR

Emerson Electric Stock Up 1.2 %

Shares of EMR traded up $1.31 on Wednesday, hitting $108.68. The company’s stock had a trading volume of 2,078,185 shares, compared to its average volume of 2,173,389. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average price is $110.38 and its 200-day moving average price is $104.75. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76. The firm has a market capitalization of $62.18 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 1.79 and a beta of 1.33.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The business’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Emerson Electric Profile

(Free Report)

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

Further Reading

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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